05/10/2012
Barclays Swiss Bank’s Loss Widens as Expenses Increase
Barclays’s Swiss private bank reported a second consecutive annual loss last year as fee and commission income declined.
05/10/2012
The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."
05/10/2012
"Nedbank maintained the momentum it established last year by delivering positive margins, strong growth in non-interest revenue and continued reductions in credit losses.
05/10/2012
Axa Wealth teams up with Ashcourt Rowan
Ashcourt Rowan has made its discretionary fund management services available on Axa Wealth’s Elevate platform.
05/10/2012
The latest deal was prompted by the retirement of co-founder John Pratt
05/09/2012
The JV enables AFH to access the influential South Wales market and grow the new brand quickly and efficiently.
05/09/2012
Business models: New entrants pose challenge to old guard
But in recent years, an unheard of trend has emerged: new rivals have entered the fray, challenging the business models of longstanding incumbents. Some
05/09/2012
Philanthropy: Rich seek better guidance on how to give away cash
In less than a decade, philanthropy offices have become an integral part of the world’s largest private banks and wealth management providers.
05/09/2012
The results of the latest millionaire monitor survey show that a third of those surveyed would trust a financial adviser to handle their money, give them good advice and help them meet their financial goals.
05/09/2012
Several other asset managers including Aberdeen Asset Management and Jupiter Fund Management have reported inflows this year as investors regain their appetite for riskier products.
05/09/2012
Moscow is now the new home for billionaires all over the world.
05/09/2012
People will be able to make charitable donations at the same time as withdrawing money from thousands of cash machines across the UK from this summer.
05/09/2012
The days of the blockbuster deal in the banking sector are over.
05/09/2012
“Both are profitable and successful firms that have owner-managers who wish to utilise the significant support of the group and our other offices to continue growing their individual offerings.”
05/08/2012
The report says that – to capture pre-financial crisis levels – private banks need to expand their focus beyond the ultra-wealthy clients to serve so-called “core millionaires”, who are expected to generate 80 per cent of net new r
05/08/2012
Credit Suisse has constructed its own Drivers Club, which will be a central hub for racers and VIPs to share their passion for classic cars and historic racing throughout the weekend.
05/08/2012
Killik & Co founder Paul Killik estimates the FSCS levy and interim levy will cost the firm roughly £500,000, around the same as last year, and is disappointed by a lack of transparency over how the scheme arrived at the figures.
05/08/2012
Hungerford said: ‘We want to say to everybody regardless of wealth “you deserve looking after”.’
05/08/2012
BNP Paribas and Societe Generale, France's two biggest listed banks, said on Monday that they were slashing their annual bonus pool for traders and top bankers after the sector was slammed by funding and capital concerns last year.
05/08/2012
He had served at Williams de Broe since 2010 and had overseen the acquisition of the wealth management business' parent Evolution Group by Investec last year.